The former had always been a good deal more cautious than his uncle, but the revolution, as we have seen, all but broke his
Risk
being on the edge
Peter Croft once explained the feeling you get from free soloing as a heightened type of perception. A little edge that you need to
Honor and risk
A man is honorable in proportion to the personal risks he takes for his opinion – in other words, the amount of downside he
Micheal Arrington, Tech Crunch founder
Famous quote: I don’t care if you’re a billionaire. If you haven’t started a company, really gambled your resume and your money and maybe
Richard Branson
Father of Olympic luge participant who died
What lawsuit? What kind of person would do that? My son is dead and that wouldn’t bring him back. David is father, Nodar is
Knightian Profits Due to Uncertainty
According to Frank Knight, real profits, as opposed to returns to labor or capital, come as a result of taking unknown and unmeasurable risks.
Bob Diamond, Head of Barclays, On his early days on the repo desk
He tells the story of being a young trader, looking with pride at his book of trades because he’d never made a trade that
Steve Fossett, World record balloonist and adventurer
Although he has climbed the highest mountains on six of the seven continents, he has not attempted Everest. “No, that’s off my list. I
Wilbur Wright
I have learned that carelessness and over-confidence are usually far more dangerous than deliberately accepted risk.